CoStar Q2 revenue up 12% to $678M; net income falls to $19M as Homes.com ramp continues

COSTAR GROUP, INC.

2024-Q2 EPS reported $0.06 revenue$1,334,200,000

Revenue $678M (+12% YoY); net income $19M ($0.05 diluted EPS) vs $101M ($0.25) in Q2 2023.
Adjusted EBITDA $41M (6% margin) vs $127M (21% margin) a year ago; non-GAAP EPS $0.15.
Net new bookings $67M; Homes.com net new bookings YTD over $55M; 148M monthly unique visitors.
FY 2024 revenue guidance $2.735-2.745B (+12% YoY); adjusted EBITDA raised to $195-205M.
Q3 2024 revenue expected $692-697M (+11%); non-GAAP EPS $0.15-0.16; shares 408M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.